Wells Fargo analyst Shahriar Pourreza raised the firm’s price target on Talen Energy (TLN) to $506 from $445 and keeps an Overweight rating on the shares. The firm sees Talen as a central player in the PJM colocation and resource adequacy debates. 2025 deals closed, 2026 ECP deal announced, and “cash flywheel” remains a focus, Wells argues. The firm sees unchanged fundamentals from its LOC.
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